Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell Sells 3,975 Shares of Stock

Nicolet Bankshares, Inc. (NYSE:NIC) Director Robert Bruce Atwell sold 3,975 shares of Nicolet Bankshares stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $118.08, for a total value of $469,368.00. Following the completion of the transaction, the director now owns 30,317 shares in the company, valued at $3,579,831.36. This trade represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Robert Bruce Atwell also recently made the following trade(s):

• On Wednesday, January 29th, Robert Bruce Atwell sold 150 shares of Nicolet Bankshares stock. The stock was sold at an average price of $110.05, for a total value of $16,507.50.
• On Tuesday, December 10th, Robert Bruce Atwell sold 7,609 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $859,817.00.
• On Thursday, December 5th, Robert Bruce Atwell sold 8,945 shares of Nicolet Bankshares stock. The stock was sold at an average price of $113.00, for a total transaction of $1,010,785.00.
• On Monday, December 2nd, Robert Bruce Atwell sold 3,446 shares of Nicolet Bankshares stock. The shares were sold at an average price of $113.00, for a total transaction of $389,398.00.

Nicolet Bankshares Stock Up 0.9 %

Shares of NYSE NIC opened at $119.12 on Friday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.83 and a beta of 0.77. Nicolet Bankshares, Inc. has a 52 week low of $74.47 and a 52 week high of $119.18. The firm has a 50-day moving average price of $109.01 and a 200 day moving average price of $102.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.14.

Nicolet Bankshares (NYSE:NIC) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.23. Nicolet Bankshares had a net margin of 23.83% and a return on equity of 10.95%. Equities research analysts anticipate that Nicolet Bankshares, Inc. will post 8.18 EPS for the current fiscal year.

Nicolet Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.12 annualized dividend and a yield of 0.94%. Nicolet Bankshares’s dividend payout ratio (DPR) is currently 13.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Nicolet Bankshares from $119.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Nicolet Bankshares from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, January 23rd. Finally, Maxim Group raised their price target on Nicolet Bankshares from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $119.00.

Institutional Investors Weigh In On Nicolet Bankshares

Large investors have recently bought and sold shares of the stock. Anchor Capital Advisors LLC lifted its position in shares of Nicolet Bankshares by 0.4% in the fourth quarter. Anchor Capital Advisors LLC now owns 23,356 shares of the company’s stock valued at $2,450,000 after acquiring an additional 97 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Nicolet Bankshares by 11.0% in the 4th quarter. Ameritas Investment Partners Inc. now owns 1,410 shares of the company’s stock valued at $148,000 after purchasing an additional 140 shares during the last quarter. Advisory Research Inc. raised its stake in Nicolet Bankshares by 0.3% in the 4th quarter. Advisory Research Inc. now owns 44,723 shares of the company’s stock valued at $4,692,000 after purchasing an additional 155 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Nicolet Bankshares by 2.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 5,815 shares of the company’s stock valued at $610,000 after purchasing an additional 157 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Nicolet Bankshares by 748.7% during the 4th quarter. Sterling Capital Management LLC now owns 331 shares of the company’s stock worth $35,000 after purchasing an additional 292 shares during the last quarter. Institutional investors and hedge funds own 43.06% of the company’s stock.

Nicolet Bankshares Company Profile

Nicolet Bankshares, Inc operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.